Sec. 3. (a) The following revenues may be deposited in the cumulative township vehicle and building fund:

(1) All or part of the revenues from a property tax levy dedicated for township vehicle and building purposes.

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Terms Used In Indiana Code 36-9-17.5-3

  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
  • Property: includes personal and real property. See Indiana Code 1-1-4-5
(2) Other sources of revenue specified by resolution of the township legislative body.

     (b) Appropriations may be made from the cumulative township vehicle and building fund only for the purposes specified in section 2 of this chapter.

     (c) Money in the cumulative township vehicle and building fund does not revert to the township general fund at the end of a township fiscal year.

As added by P.L.129-1999, SEC.2.